HomeMy WebLinkAbout102-R-20 Abating Taxes Levied for the Year 2020 Heretofore Levied to Pay Principal and Interest on Not to Exceed $14,000,000 General Obligation Corporate Purpose Bonds, Series 2015A, of the City of Evanston Cook County, Illinois11 /09/2020
102-R-20
A RESOLUTION
Abating Taxes Levied for the Year 2020
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $14,000,000 General Obligation Corporate
Purpose Bonds, Series 2015A, of the City of Evanston
Cook County, Illinois
WHEREAS, on the 12th day of October 2015, the City Council of
the City of Evanston, Cook County, Illinois, did adopt Ordinance 124-0-15
entitled:
and
AN ORDINANCE providing for the issuance of one or more series of not
to exceed $14,000,000 General Obligation Corporate Purpose Bonds,
Series 2015A and one or more series of not to exceed $11,475,000
General Obligation Refunding Bonds, Series 2015B, of the City of
Evanston, Cook County, Illinois, for capital improvement and refunding
purposes, authorizing the execution of one or more bond orders in
connection therewith and providing for the levy and collection of a direct
annual taxfor the payment of the principal of and interest on said bonds
WHEREAS, the Series 2015A bond total is Fourteen Million Dollars
($14,000,000), there is available from other sources the amount of Four Hundred
Nineteen Thousand, Five Hundred Thirty One Dollars ($419,531.00) which may
lawfully be utilized to pay sums due on said series 2015A bonds for which taxes
were heretofore levied;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL,
OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
102-R-20
SECTION 1: That the taxes heretofore levied and provided for in
the Ordinance and in the accompanying Bond Order providing for the issuance of
not to exceed Fourteen Million Dollars ($14,000,000.00) General Obligation
Bonds, Series 2015A, of the City of Evanston, Cook County, Illinois, passed
October 12, 2015, as Ordinance 124-0-15, be and the same hereby are abated
for the year 2020 under the Series 2015A bonds by the amount of Four Hundred
Nineteen Thousand, Five Hundred Thirty One Dollars ($419,531.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 102-R-20, shall cause to be filed with the County Clerk of Cook
County, Illinois, a certified copy hereof and shall direct said County Clerk to abate
the taxes heretofore levied under said Ordinance 124-0-15 and the
accompanying Bond Order for the year 2020 in the amount of Four Hundred
Nineteen Thousand, Five Hundred Thirty One Dollars ($419,531.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 102-R-20 shall be in full force
and effect from and after the date of its passage and approval in the manner
provided by law.
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Stephen H. Hagerty, Mayor
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102-R-20
Attest:
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Eduardo Gomez, Deputy City Clerk
Adopted: November 9
, 2020
Approved as to form:
Kelley Gandurski, Corporation
Counsel
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